Banking experience is a great way to prepare for any number of careers. You can learn how to manage money, work with customers, and handle the business side of things.
Banking experience can be a great asset to your resume, especially if you’re applying for jobs in financial services.
Banks, credit unions, and other financial institutions are always looking for people with strong customer service skills and knowledge of how to operate a computer system. If you have banking experience, you can use it as a stepping stone into the world of finance.
Here’s what some potential employers might be looking for:
• Finance Department – This is where all of the money is made! If you want to work in a group that helps make sure that banks stay afloat, then this might be the place for you.
• Customer Service Department – This is where you’ll get to interact directly with customers who come into the bank or call up on the phone with questions about their accounts. It’s also where you will probably spend most of your time if you are working in the customer service department at a bank or credit union.
What jobs can you get with banking experience
Are you fascinated by money—not just acquiring it, but managing it and watching it grow? Whether you love balancing your checkbook or enjoy creating budgeting spreadsheets, you may have considered a job in banking to make use of your attention to detail.
Banking Career Options
The best part about a career in banking is that you can ultimately choose from a wide range of banking job titles beyond the classic bank teller or loan officer roles.
You might give small companies the chance to grow and thrive, or help families get their finances and futures in order.
Also, there’s plenty of room to move up to higher paying positions as you gain experience, especially if you’re able to further your education.
Top 10 Banking Jobs
Check out your options to find the best career fit based on your interests, skills, and education level.
1. Financial Analyst
As a financial analyst, you help businesses or individuals make investment decisions. Typically, you need at least a bachelor’s degree to get started in this field, but some employers may prefer a master’s degree. You may need to earn a Chartered Financial Analyst (CFA) credential to qualify for many financial analyst positions.
Salary: According to the Bureau of Labor Statistics (BLS), financial analysts earn a median annual salary of $85,660.1
2. Personal Financial Adviser
Personal financial advisers help individuals manage their money to meet their short- and long-term goals. From planning for retirement to figuring out how to pay for college, advisers identify different options and help individuals make the most of their money, such as through special tax exemptions or incentives.
You’ll need a minimum of a bachelor’s degree, and it helps to have taken courses in finance, accounting, and economics.
Salary: Per the BLS, personal financial advisers earn a median annual salary of $87,850.2
3. Relationship Manager
These professionals develop and maintain customer relationships. They must have solid knowledge of the bank’s products and services and be able to convey the benefits of these offerings to potential and current clients. Typically, this job requires a bachelor’s degree, although some institutions may consider candidates with a high school diploma and experience or related coursework.
Salary: Per PayScale, relationship managers in the banking industry earn an average annual salary of $83,574.3
4. Accountant
One of the most well-known financial positions, accountants analyze, plan, and evaluate business expenses and income. Many accountants have a bachelor’s degree only, but a master’s degree is useful, too. You may also need to sit for the Certified Public Accountant (CPA) exam, especially if you want to work for a public accounting firm.
Salary: According to the BLS, accountants earn a median annual salary of $71,550.4
5. Auditor
Auditors review accounting records, ensuring accuracy and compliance with regulations and state and federal laws. Typically, auditors can get started in this field with a bachelor’s degree, although some may choose to become Certified Bank Auditors (CBA) by completing a four-part multiple choice exam over the course of three years.
Salary: According to the BLS, accountants earn a median annual salary of $71,550.4
6. Branch Manager
Branch managers oversee operations, including hiring and training staff. Typically, branch managers set sales goals and manage the branch’s budget.
Successful branch managers have excellent customer service, organizational, and communication skills.
To get started in this job, you will likely need a bachelor’s degree and you may need to pass series 6 or 7 exams administered by Financial Industry Regulatory Authority (FINRA).5
Salary: PayScale reports6 that branch managers earn an average annual salary of $59,185.
7. Loan Officer
Loan officers help people identify and apply for loans, from mortgages to personal loans. They evaluate the candidates’ job history, income, and overall creditworthiness. Loan officers typically have a background and education in finance or economics. Being a loan officer is a great career choice if you like working with people.
Salary: According to the BLS, loan officers earn a median annual salary of $63,270.7
8. Collector
While collectors tend to get a bad reputation, they play a pivotal role for companies. They manage accounts and keep track of bills and attempt to collect on past due invoices. Many collector positions require just a high school diploma, but a bachelor’s degree is welcome.
Salary: PayScale reports that collectors earn an average annual salary of $40,202.8
9. Bank Teller
Bank tellers are usually the first person a customer sees their banking business. Bank tellers cash checks, accept deposits, and process account withdrawals. Most bank tellers have a high school diploma but holding an associate’s or bachelor’s degree can be helpful for those bank tellers who want to move up in the ranks to become a loan officer, personal banker, or bank manager jobs.
Salary: According to the BLS, bank tellers earn a median annual salary of $31,230.9
10. Treasurer
Treasurers manage an organization’s finances, objectives, and goals. They maintain the organization’s budget and oversee investment strategies and major expenditures. Most treasurer positions require advanced degrees, such as a master’s or Ph.D. Also, having other banking and finance credentials can be helpful.
Salary: PayScale reports that treasurers earn an average annual salary of $86,955. 10
More Banking Job Titles: A – Z List
A – D
- Agricultural Lender
- Analyst, Bankruptcy Support
- Anti-Money Laundering Auditor
- Assistant Branch Manager
- Assistant Trust Administrator
- Audit Manager
- Bank Examiner
- Bankruptcy/Foreclosure Coordinator
- Bilingual Client Services Representative
- Business Banking Loan Administration Manager
- Business Banking Officer
- Business Intelligence Manager
- Client Service Manager
- Commercial Relationship Management Assistant
- Common Trust Fund Accountant
- Consumer Credit Analyst
- Consumer Finance Assistant Manager
- Consumer Loans Processor
- Consumer Loan Underwriter
- Custody Investment Specialist
- Customer Service Representative
- Default Specialist
E – L
- Escrow Manager
- eServices Quality Analyst
- Head Teller
- Internal Auditor
- Investment Accounting Analyst
- Investment Management Operations Analyst
- Investment Management Specialist
- Investment Planner
- Junior Analyst – Asset Management
- Lead Business Consultant, Banking Innovation Center
- Lead Syndication Specialist
- Lending Manager
- Loan Officer Trainee
- Loan Representative
- Loan Support Specialist
- Lock Box Clerk
- Loss Recovery Manager
M – Z
- Mortgage Consultant
- Mortgage Operations Support Technician
- New Accounts Banker
- Online Customer Service Representative
- Origination Loan Officer
- Personal Banker
- Phone Banker
- Premier Banker
- Regulatory Compliance Analyst
- Relationship Manager, Commercial Lending
- Senior Financial Analyst
- Senior Investment Analyst
- Senior Teller
- Senior Trust Consultant
- Technology Risk Manager
- Trust Asset Manager
- Trust Assistant
- Wire Department Manager
